Airlines pressured
BRUSSELS, June 22 (GCTL) - The International Air Transport Association (IATA) has challenged aviation’s IT partners to deliver change at this critical time to shore up the air transport industry’s bottom line which is expecting a razor thin consolidated industry margin of just 0.5%.
"Even that anemic profitability faces downside risks of high oil prices and the European sovereign debt crisis. We will be counting on our IT partners to work with us on opportunities to generate revenues, cut costs and improve the bottom line,” s aid Tony Tyler, IATA’s Director General and CEO.
“Change is not a zero-sum game. Alignment among stakeholders and partners has underpinned transformational changes such as the move to 100% e-ticketing. Everyone in the value chain—and our customers—benefitted,” said Tyler, while pointing out that IT had changed aviation for the better, and had helped the global mass transit system to handle 50 million tones of cargo.
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Category : Special Reports - Greater China
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